Australia Pharmaceutical Regulatory Affairs Market Size & Outlook
Australia pharmaceutical regulatory affairs market, 2018-2030 (US$M)
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Australia pharmaceutical regulatory affairs market highlights
- The Australia pharmaceutical regulatory affairs market generated a revenue of USD 76.9 million in 2023 and is expected to reach USD 124.0 million by 2030.
- The Australia market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, regulatory writing & publishing was the largest revenue generating services in 2023.
- Legal Representation is the most lucrative services segment registering the fastest growth during the forecast period.
Pharmaceutical regulatory affairs market data book summary
| Market revenue in 2023 | USD 76.9 million |
| Market revenue in 2030 | USD 124.0 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Regulatory writing & publishing |
| Fastest growing segment | Legal Representation |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Regulatory Consulting, Legal Representation, Regulatory Writing & Publishing, Product Registration & Clinical Trial Applications, Other Services |
| Key market players worldwide | Labcorp Holdings Inc, IQVIA Holdings Inc, Icon PLC, Wuxi AppTec Co Ltd, Charles River Laboratories International Inc, Cencora Inc, Pharmexon, Genpact Ltd, Freyr Solutions, PAREXEL |
Other key industry trends
- In terms of revenue, Australia accounted for 1.5% of the global pharmaceutical regulatory affairs market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan pharmaceutical regulatory affairs market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 698.2 million by 2030.
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Pharmaceutical Regulatory Affairs Market Scope
Pharmaceutical Regulatory Affairs Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia pharmaceutical regulatory affairs market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pharmaceutical regulatory affairs market will help companies and investors design strategic landscapes.
Regulatory writing & publishing was the largest segment with a revenue share of 36.54% in 2023. Horizon Databook has segmented the Australia pharmaceutical regulatory affairs market based on regulatory consulting, legal representation, regulatory writing & publishing, product registration & clinical trial applications, other services covering the revenue growth of each sub-segment from 2018 to 2030.
In Australia, nearly 400 domestic biotechnologies, 500 MedTech, and 50 multinational companies are operating as subsidiaries, such as Pfizer, GSK, Bristol-Myers Squibb, Merck, and Novartis. The presence of several local and foreign companies is anticipated to boost the demand for various regulatory services, fueling market growth.
Furthermore, aligning GMPs across various jurisdictions in the country owing to regulatory agreements between the TGA in Australia, the U.S. FDA, and EMA is anticipated to facilitate market entry of the firms in the U.S. and Europe, which is likely to facilitate market growth.
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Our clientele includes a mix of pharmaceutical regulatory affairs market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Australia pharmaceutical regulatory affairs market , including forecasts for subscribers. This country databook contains high-level insights into Australia pharmaceutical regulatory affairs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia pharmaceutical regulatory affairs market size, by services, 2018-2030 (US$M)
Australia Pharmaceutical Regulatory Affairs Market Outlook Share, 2023 & 2030 (US$M)
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